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201605722
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Last modified
7/24/2017 3:15:59 PM
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9/1/2016 12:43:59 PM
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201605722
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2� 1 ��5722 <br /> disbursement and shal�he payable,with such interest, up�n notice from Lender to Borrower requesting <br /> payment. <br /> If this Security Ir►strument�s on a Ieaseho�d, Borrower sha�l comply with all the pro�isions of the <br /> lease.If Borrower acqu�res fee title to the Property,the �ea.sehald and the fee title shall not merge <br /> unless Lender agrees to the merger in writing. <br /> �Q. Mort�age Insurance. If Lender requ�red Martgage Insurance a.s a condition of making the <br /> Loan,Borrower shall pay the premiums required to mai.ntain the Mor�gage Insurance in effect. If, <br /> for any reason,the Mortgage Insura.nce co�erage required by Lender ceases to be a�ailable from <br /> the mortgage insurer that pre�iously pro�ided such insurance and Borrower was requ�red to make <br /> se aratel designated payments toward the premiums for Mortgage Insurance,Borrower shall pay the <br /> p • � • ' ' ' o the Mort a e Insurance re�iousl in <br /> premiums reQu�red ta abtau�cov�rage substant�ally equi�alent t g g p . Y <br /> effect,at a cost substar►tia�ly equivalent to the cost ta Borrower of the Mortgage Insurance pre�iously <br /> ir�effect,from an a�ternate mortgage insurer sele�ted by Lender.If substantially equ��alent Mar�gage <br /> Insurance ca�erage is not a�ailable,Borrower shal�continue to pay to Lender the amount af the <br /> se aratel designated payments that were due when the insuran�e co�erage ceased to be in effect. <br /> p y ' r►-refundable loss reser�e in lieu of Mort a e <br /> Lender will accept,use and reta�n these payments as a no � � <br /> Insurance. Such loss reserve shall�e non-refundab1e,r►otwithstanding the fact that the Loan is <br /> ultimatel paid in full,and Lender shall not be required to pay Borrawer any interest or earnings on <br /> Y <br /> such loss reserve. Ler►der can no langer require loss reserve payments if Mortgage Insurance co�erage <br /> in the amount ar►d for the period that Lender requires�provided by an insurer sel�cted by Lender <br /> � , , , , . <br /> a ain be�omes a�ailable, is obtatned,and Lender requ�res separately des�gnated payments toward the <br /> g <br /> p <br /> remiums f�r Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making <br /> the Loan au�d Borrawer was required to make separately designated payments taward the premiums <br /> far Mart a e Ir►surance,Borrower shall pay the prem iums required to maintain Mortgage Insurance in <br /> gg <br /> effect,or to pro�ide a nan-refundable toss reserve,until Lender's requirement for Mortgag�Insurance <br /> ends in accordance with any written agreement between Borrower and Lender pro�iding for such <br /> termination or until termination is required by Applicabte Law.Nathir�g in this 5ection 1�afFects <br /> Borrower's obligation to pay interest at the rate pro�ided in the Note. <br /> Mart a e Insurance reimburses Lender��r any entity that purchases the Note}far certain losses it <br /> � g , <br /> ma u�cur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mor�gage <br /> Y <br /> Insuran�e. <br /> Mort a e insurers e�aluate their total risk on all such insurance in force fram ttme to time,ar�d <br /> � � • ' ' or modi their rrsk or redu�e Iosses. These <br /> may enter into agreements with other parties that share fy , <br /> a eements are on terms and canditions that are satisfactory to the mortgage insurer ar�d the other <br /> �' <br /> ar arties}to these agreements.Thes�agreements may require the martgage insurer to make <br /> p�Y C p <br /> a ments usin any source of funds that the mortgage insurer may ha�e available[which may include <br /> pY � <br /> funds obtained from Mortgage Insurance premiums}. <br /> As a result of these agreements,Lender,any purchaser of the Note,another insurer,any reinsurer,any <br /> other enti ,or any affiliate of any of the foregoing,may re�ei�e�directly or indirectly}amounts that <br /> � <br /> derive from(ar might be characterized as}a portion of Borrower's payments for Mar�gage Insurance, <br /> in ex�hange for sharing�r modifying the mortgage insurer's risk,or reducing losses. If such agreement <br /> HCFG-OD359 <br /> NEBRASKA-S+ngle Famify-Fannie MaelFreddie Ma�lINtFDRM INSTRLIMENT Fam 3��81101 <br /> vnn�r <br /> oans <br /> Whl�ers Kluwer Financial Servi�es 201 fiQ823�5.3.2.3509-J201fi042fiY Paga 9 af 17 <br /> . * <br />
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